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About This Home

This 7-bedroom, 4-bathroom residential multi family at 1004 East Avenue in Elyria, OH is listed for $179,900 ($45 per sqft). Built in 1900, the home offers 4,004 sqft of living space on a 2.24 acres lot.

Agent Description

Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns.

Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage.

Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement.

Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!

Key Features

  • Built in 1900
  • 2.24 acre lot
  • 3 stories
  • Waterfront

Property Details

3 stories
4 full
1900

Amenities

Waterfront

Monthly Cost Estimate

$962/mo

20% down · 6.5% · 30 years

Principal$130
Interest$780
Insurance$52

Estimates only. Actual payments may vary.

Location

1004 East Avenue

Elyria, OH 44035

East Ave

Property Details

Construction

VinylSiding WoodSiding

Parking

Driveway

Heating

Forced AirElectric (Heating)BaseboardNatural Gas

Questions & Answers

This 7-bedroom, 4-bathroom residential multi family at 1004 East Avenue is listed at $179,900 ($45/sqft). The estimated monthly payment is $780 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 2.24 acre lot, 3 stories, Waterfront.

This property is listed by Christopher A Frederick and can be reached at 2162107653 or thefrederickteam@gmail.com.

CF

Christopher A Frederick

Agent at Coldwell Banker Schmidt Realty

(216) 210-7653

Listed by Coldwell Banker Schmidt Realty · View on Broker Site

MLS# 5209788· Source: listhub· Updated 10 days ago

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1004 East Avenue, Elyria, OH 44035

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